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maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in another part of the world which may have to influence what he does here in the united states. >> that's exactly right. cyprus is going to play a big role in how he deals with europe. i think the fed wants to be curbs. if it's going to make any kind of move, it wants that move to be successful. that's going to be a guiding principle going forward. we have to remember there's a lot of forward looking events like that debt ceiling issue which is going to crop up in the middle of may. how we handle that will influence the economy going forward. we have to th
maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in...
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Mar 20, 2013
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ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this budget over the next ten years. $1.5 trillion in tax increases. 80% incr
ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six...
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Mar 20, 2013
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that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur bookstore exciting and would always come to my rescue. but as time passed, i started to notice max just wasn't himself. and i knew he'd feel better if he lost a little weight. so i switched to purina cat chow healthy weight formula. i just fed the recommended amount... and they both loved the taste. after a few months max's "special powers" returned... and i got my hero back. purina cat chow healthy weight. after a few months max's "special powers" returned... with an intuitive motion activated lid and seat,ad bold makes sure you'll never have to ask him again. >> shepard: t
that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur...
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Mar 20, 2013
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ceiling back in 2011. >> no federal government employees, including counterterrorism agents, in the fbi, for example, no border agents. now, before we default, we could have time to make this sign for all points of entry. that's just the tip of the iceberg. >> i think he was being sarcastic, don't you? now to the ones who were ill advised for whatever reason. first iowa republican congressman steve king with the solution to illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and a wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them would be to put a little bit of wire on top here to provide a disincentive for people to climb over the top or put a ladder here. we can electrify this wire, not a current that would kill anybody, but would be a deterrent. we do that with livestock all the time. >> w
ceiling back in 2011. >> no federal government employees, including counterterrorism agents, in the fbi, for example, no border agents. now, before we default, we could have time to make this sign for all points of entry. that's just the tip of the iceberg. >> i think he was being sarcastic, don't you? now to the ones who were ill advised for whatever reason. first iowa republican congressman steve king with the solution to illegal immigration in the form of a construction project...
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Mar 20, 2013
03/13
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. >> the president, for his own convenience, didn't want another vote on the debt ceiling before his re-election. >> true. >> and so he forced this process to occur and insisted. >> but he didn't want the sequester cuts. >> well, no. he didn't want the cuts, but we had the sequester as a result of his demands. and i'm told my colleagues in the house that the sequester will stay in effect until there is an agreement that will include cuts and reforms that put us on a path to balance the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in t
. >> the president, for his own convenience, didn't want another vote on the debt ceiling before his re-election. >> true. >> and so he forced this process to occur and insisted. >> but he didn't want the sequester cuts. >> well, no. he didn't want the cuts, but we had the sequester as a result of his demands. and i'm told my colleagues in the house that the sequester will stay in effect until there is an agreement that will include cuts and reforms that put us on...
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Mar 20, 2013
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. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immig
. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply...
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Mar 20, 2013
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instweard looking for a showdown in the summer over the debt ceiling and that is something we can talk about another time but there is no real threat of a government shutdown that i see for this month. >> thanks for joining us for the update. >> sure. no problem. >> the head of immigration and customs enforcement testified day about 2,000 detained immigrants. that is next on c-span. then house republicans talk to reporters about the budget. then f.b.i. director talks about how they can end antiterror operations. 4 years ago today we began providing televised access. the c-span networks created by america at cable companies in 1979 and brought to you by your television provider. john morton who heads up immigration enforcement was asked about a house panel about the 2,000 illegal immigrants being held at detention centers. >> the judiciary committee will come to order and the chair has declare recesses of the committee at any time. i want to take the opportunity to make members aware of our new policy regarding participation in sub committee hearings. i was asked if members who are not
instweard looking for a showdown in the summer over the debt ceiling and that is something we can talk about another time but there is no real threat of a government shutdown that i see for this month. >> thanks for joining us for the update. >> sure. no problem. >> the head of immigration and customs enforcement testified day about 2,000 detained immigrants. that is next on c-span. then house republicans talk to reporters about the budget. then f.b.i. director talks about how...